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Long Skyworks Solutions ($SWKS)

|Includes: Skyworks Solutions, Inc. (SWKS)

With the market facing some pressure, or perhaps it's just the summer doldrums, I decided to go ahead and place an order to buy Skyworks Solutions, Inc. ($SWKS). It's in the semiconductor sector, which has been outperforming most other indexes for most of the year. It recently reported strong earnings a couple of weeks and has been consolidating since on below average volume. Although it was recently downgraded, it doesn't look like it has had any negative affect on the stock. So here's a link to the video I posted that details the trade.

Disclosure: The author is long SWKS.

Additional disclosure: I purchased this stock on Monday on a technical break of the downtrend line, but will exit if it shows weakness.